NEWARK, Del, March 29, 2024 (GLOBE NEWSWIRE) -- The animal feed preservative market is expected to be valued at US$ 298.6 million in 2024. The market's progress is projected to rise at a CAGR of 5.5% from 2024 to 2034. By 2034, the market value is forecasted to hit US$ 512.2 million.
Animal-based product producers are actively seeking ingredients that can help maintain animal health, and this has led to the emergence of animal feed preservatives as key aspects for them.
Animal feed preservatives play a crucial role in ensuring the safety and quality of animal feed. They help to prevent the growth of harmful bacteria and fungi, which can cause diseases and reduce the nutritional value of the feed. The increasing demand for animal feed preservatives is driven by the rising awareness about animal health among farmers, pet owners, and other stakeholders.
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Farmers and animal owners are becoming increasingly aware of the importance of providing high-quality feed to their animals. They are looking for ways to ensure the safety and quality of the feed they provide to their animals. This has led to an increase in demand for animal feed preservatives, as these products can help to improve the shelf life of animal feed and reduce the risk of contamination.
Growing concern about food safety among consumers. Consumers are increasingly concerned about the safety and quality of the food they eat, including animal-based products. This has led to an increased demand for animal feed preservatives as consumers seek to ensure the safety and quality of the animal-based products they consume.
The increasing demand for animal-based products in the emerging economies is driving the growth of the animal feed preservatives market. The rising population and increasing disposable income in these economies have led to a significant increase in demand for animal-based products. This has created a significant opportunity for animal feed preservative manufacturers to expand their business and cater to the growing demand.
The implementation of stringent regulations by government authorities regarding animal feed quality and safety is driving the demand for animal feed preservatives. Government authorities are enforcing regulations to ensure that animal feed is safe and of high quality. This has led to an increase in demand for animal feed preservatives, as these products can help to meet the regulatory requirements.
“The implementation of stringent regulations by government authorities regarding animal feed quality and safety is driving the demand for animal feed preservatives. Government authorities are enforcing regulations to ensure that animal feed is safe and of high quality. This has led to an increase in demand for animal feed preservatives, as these products can help to meet the regulatory requirements,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
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Key Takeaways from the Animal Feed Preservative Market
- The animal feed preservative market is estimated to register a CAGR of 5.5% and reach a valuation of US$ 512.2 million by 2034.
- The powder segment is anticipated to dominate the market by holding a 33% market share in 2024.
Competitive Landscape
The competition in the global market is heavily impacted by various manufacturers and distributors, and their locations. These stakeholders are focusing on expanding their manufacturing capabilities to gain an advantage in the market. In order to enhance customer experience, several companies are implementing new marketing strategies. The market is witnessing a surge in the popularity of organic and natural feed preservatives, which is attracting more consumers towards them.
Key Players in the Animal Feed Preservative Market
- Archer Daniels Midland Company
- Adisseo
- Ajinomoto Animal Nutrition North America
- Alltech Inc
- BASF SE
- Cargill Inc.
- Chr.Harsen Holding A/S
- Danish Agro
- DSM
- Evonik Industries AG
- International Flavors & Fragrances Inc.
- Kemin Industries Inc.
- Novus International Inc.
- Nutreco (Owned by SHV)
- Pestell Nutrition (Barentz)
- Solvay Group
Key Coverage in the Animal Feed Preservative Market
- Animal Feed Additives Market Report
- Animal natural Preservative Market Analysis
- Food Preservative Industry Trends Assessment
- Animal Synthetic Food Preservative Market Overview
- Natural and Organic Preservative Pricing Outlook
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Key Segments
By Product Type:
- Synthetic
- Organohalogen compounds
- Aldehydes
- Glycol ethers
- Parabens
- Natural
- Nisin
- Natamycin
- Benzyl Alcohol
- Salicylic Acid
- Sorbic Acid
- Natural Acids
- Botanical Extracts
- Others
By End-Use Application:
- Pelleted Feeds
- Mash Feeds
- Silage
- Hay
- Grain Storage
- Liquid Feeds
- Others
By Form:
- Powder
- Liquid
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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